Which of the following are the most effective fraud detectors?
A) Auditors
B) Customers
C) Vendors
D) Employees

Question

Quizplus · Accepted Answer

A: Auditors usually detect fraud when there are red flags in the financial statements. Usually by this time the fraud is large.
B: Customers can also detect fraud, but they are not the most effective resource.
C: Vendors can also detect fraud, but again, they are not the most effective resource.
D: Employees-managers, co-workers, and supervisors are in the best position to detect fraud. They are also the most effective fraud detectors.

Which of the Following Are the Most Effective Fraud Detectors